IES Holdings, Inc. (NASDAQ:IESC) CEO Sells $5,982,989.40 in Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $160.20, for a total value of $5,982,989.40. Following the sale, the chief executive officer now directly owns 10,934,845 shares of the company’s stock, valued at $1,751,762,169. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IES Trading Up 0.8 %

Shares of IES stock opened at $165.55 on Thursday. The stock has a 50-day moving average price of $160.60 and a 200 day moving average price of $143.55. The company has a market cap of $3.35 billion, a P/E ratio of 24.97 and a beta of 1.38. IES Holdings, Inc. has a 1 year low of $59.75 and a 1 year high of $196.05.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, August 2nd. The technology company reported $2.67 earnings per share (EPS) for the quarter. IES had a return on equity of 34.38% and a net margin of 6.30%. The firm had revenue of $768.40 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded IES from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th.

Institutional Investors Weigh In On IES

Hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. raised its stake in shares of IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after purchasing an additional 194 shares in the last quarter. Quest Partners LLC raised its stake in shares of IES by 41.0% during the 2nd quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock worth $41,000 after purchasing an additional 86 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of IES during the 2nd quarter worth about $48,000. Sunbelt Securities Inc. purchased a new stake in shares of IES during the 1st quarter worth about $48,000. Finally, CWM LLC raised its stake in shares of IES by 252.7% during the 2nd quarter. CWM LLC now owns 582 shares of the technology company’s stock worth $81,000 after purchasing an additional 417 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

IES Company Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.